Austin, Texas-based BuildGroup, a software holding company, has named Tanner Cerand as vice president of investment research. Cerand is a former director of business development at Vista Equity Partners.
AUSTIN, TEXAS (PRWEB) NOVEMBER 08, 2018
BuildGroup, a company that selectively invests in leadership teams with staying power, today announced that Tanner Cerand has joined as VP of Investment Research. Cerand will serve as BuildGroup’s research and deal sourcing expert, identifying promising software markets and finding the best companies in those categories. He will also be responsible for the development of BuildGroup’s investment evaluation system.
Cerand will be sourcing deals based on thematic and quantitative criteria, and he will work with founders and entrepreneurs to determine if they are a good fit for the BuildGroup model. BuildGroup’s unique approach provides permanent capital and side-by-side support to help founding teams achieve long-term success. BuildGroup employs a set of proprietary growth frameworks and operational models to increase market traction and avoid common pitfalls and barriers to growth.
“We’re looking to invest in a limited number of high-potential companies over the next five years, which means we’re obsessive about finding the right companies to work with,” said Lanham Napier, co-founder and chief executive officer, BuildGroup. “Tanner’s deep analytical skills and industry knowledge will help ensure that we’re bringing the right kind of money to the right kind of people. Our system for building great companies depends on finding the entrepreneurs who will most benefit from what we have to offer.”
This past June BuildGroup announced that it had raised $330 million in capital to invest in emerging software companies. BuildGroup believes that software and enterprise technologies often take time to mature and that building great companies and defining new markets requires long-term commitments from all participants. Emerging software companies deserve an investor who is committed to the long climb to greatness.
“The biggest challenge for entrepreneurs isn’t simply securing funding but also finding the right kind of funding that will support their long-term visions,” says Cerand. “I appreciate BuildGroup’s approach to deep diligence and working with companies to achieve a common goal of long-term growth. That approach also means that we need to be very strategic in our investments and develop a system that can help us find and evaluate these opportunities.”
Cerand previously spearheaded research and business development at Vista Equity Partners, a private equity firm headquartered in Austin, TX. As Vista Equity’s Director of Business Development, he was responsible for identifying and evaluating new investment opportunities. He brings more than fifteen years experience in the financial sector to BuildGroup, including time at Gerson Lehrman Group and UBS Investment Bank. At BuildGroup he will research software markets and identify potential category-leading companies. He will also help develop BuildGroup’s system to gather and analyze company-performance data.
BuildGroup was founded by Rackspace alumni Lanham Napier, Jim Curry and Klee Kleber, and Pete Freeland from General Catalyst. BuildGroup was designed as a holding company instead of a venture capital fund to free entrepreneurs from the expectations of quick exits, allowing their companies to pursue long-term greatness. The company invests as a permanent source of capital and has developed unique intellectual property to support emerging growth companies.
BuildGroup is a company that selectively invests in leadership teams with staying power. We back founders who are ambitious enough to want to make a dent in the universe and humble enough to realize they can’t do it alone.
By providing permanent capital from aligned investors and avoiding forced exits, BuildGroup frees entrepreneurs to focus on serving customers instead of raising the next round. We believe that great businesses are built, not bought, and that’s why our team works side-by-side with founders to create conditions for long-term growth.
BuildGroup was founded in Austin, Texas by a team of proven builders who love nothing more than helping build and grow extraordinary companies.
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